Valuation and survey fees

If you’re buying a home or taking out a mortgage to raise capital, we will usually arrange for a surveyor to prepare a Valuation Report on the property for us. You can also arrange for a professionally qualified surveyor or valuer to inspect the property for you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Valuation (Level 1)

Our valuation is a very brief report on the property's condition and its market value based on a limited inspection of the readily visible and accessible parts. You will be sent a copy, but it's important to understand that the report is not a detailed survey - it is just for our purposes to help us assess if the property is adequate security for the money you want to borrow.

There is normally a fee for a Valuation Report which you will need to pay us when you apply for your mortgage (see table below).

We recommend that you arrange a more detailed report into the property's condition than the Valuation Report. We've outlined the other types of report available below:


Survey and Valuation (Level 2)

A Survey and Valuation report is for you and we don't receive a copy of the survey. It is produced in an easy-to-follow format and will give you guidance on defects and other issues that should help you in your decision to buy. There are set fees for a Survey and Valuation depending on the value of the property (see table below).


Building Survey and Valuation (Level 3)

This is an even more detailed report on the property, which can be tailored to fit your requirements. Again, the report is just for you - we don't receive a copy of the survey. If you choose a Building Survey and Valuation, you will have to agree the additional fee for the Building Survey with the surveyor. Because both a Survey and Valuation, and a Building Survey and Valuation are for you, the surveyor will send the appropriate terms of engagement direct to you for you to read, sign and return to them. Sometimes investigations reveal structural defects in the property. If that happens we may not release the mortgage money until the defects have been fixed. You may have to pay re-inspection fees if we decide that further inspections by our valuer are needed before all the mortgage money can be released.

If you are remortgaging to us, we will arrange a property assessment for our own purposes based on the information you give us, we may charge a fee for this. You must not rely on the fact that we may be prepared to make you a loan as any indication of the value of the property. You may want to get your own valuation advice.

Valuation - Residential Applications

Property Value

Valuation fees (Level 1)

Up to £25,000

£225

From £25,001 to £50,000

£250

From £50,001 to £100,000

£275

From £100,001 to £150,000

£300

From £150,001 to £200,000

£350

From £200,001 to £250,000

£400

From £250,001 to £350,000

£450

From £350,001 to £450,000

£525

From £450,001 to £550,000

£600

From £550,001 to £650,000

£650

From £650,001 to £750,000

£700

From £750,001 to £850,000

£750

From £850,001 to £1,000,000

£800

From £1,000,001 to £1,250,000

£900

From £1,250,001 to £1,500,000

£1,050

From £1,500,001 to £1,750,000

£1,150

From £1,750,001 to £2,000,000

£1,250

 

Valuation & Survey- Residential Applications

Property Value Survey & Valuation Fees (Level 2)
Up to £50,000 £475
From £50,001 to £100,000 £500
From £100,001 to £150,000 £550
From £150,001 to £200,000 £600
From £200,001 to £250,000 £675
From £250,001 to £300,000 £750
From £300,001 to £400,000 £825
From £400,001 to £500,000 £950
From £500,001 to £600,000 £1,050
From £600,001 to £700,000 £1,200
From £700,001 to £800,000 £1,300
From £800,001 to £900,000 £1,400
From £900,001 to £1,000,000 £1,500
From £1,000,001 to £1,100,000 £1,600
From £1,100,001 to £1,200,000 £1,700
From £1,200,001 to £1,300,000 £1,800
From £1,300,001 to £1,400,000 £1,900
From £1,400,001 to £1,500,000 £2,000
From £1,500,001 to £1,600,000 £2,100
From £1,600,001 to £1,700,000 £2,200
From £1,700,001 to £1,800,000 £2,300
From £1,800,001 to £1,900,000 £2,400
From £1,900,001 to £2,000,000 £2,500
 

Valuation & Survey- Residential Applications

Survey & Valuation Fees (Level 2)
Property Value Greater Than Property Value Less Than of Equal to Customer Paid Fee Scales
    Residential Scale Buy To Let Scale
£1 £100,000 £800 £800
£100,001 £150,000 £1,000 £1,000
£150,001 £200,000 £1,250 £1,250
£200,001 £300,000 £1,500 £1,500
£300,001 £400,000 £1,750 £1,750
£400,001 £500,000 £2,000 £2,000
£500,001 £600,000 £2,250 £2,250
£600,001 £700,000 £2,500 £2,500
£700,001 £800,000 £2,750 £2,750
£800,001 £900,000 £3,000 £3,000
£900,001 £1,000,000 £3,250 £3,250
£1,000,001 £1,200,000 £3,750 £3,750
£1,200,001 £1,400,000 £4,250 £4,250
£1,400,001 £1,600,000 £4,750 £4,750
£1,600,001 £1,800,000 £5,250 £5,250
£1,800,001 £2,000,000 £5,750 £5,750
£2,000,001 £2,200,000 £6,250 £6,250
£2,200,001 £2,400,000 £6,750 £6,750
£2,400,001 £2,600,000 £7,250 £7,250
£2,600,001 £2,800,000 £7,750 £7,750
£2,800,001 £3,000,000 £8,250 £8,250

How to apply

Start your product transfer online.

Subject to status and lending criteria

Call us
8am-8pm Monday to Friday 
9am-2pm Saturday

0800 056 1088

Ask us to call you

Apply at a branch

Find out what to take along

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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